Does Government Spending Contribute to the Economy?

Jia Liu, PhD – Research Fellow
Wednesday, May 18, 2016
Daily Economy

When governments spend more money than they bring in, they create budget deficits. When deficits accumulate as time goes by, governments incur debt. The U.S. federal government debt as of today is about $19.3 trillion, which, to put it in perspective, equals about 105 percent of the previous 12-month GDP.

From 1966 to 2015, an average deficit of 2.8 percent of GDP was added to the national debt each year, according to the Congressional Budget Office (CBO). The CBO also projects the deficit would increase from 2.9 percent to 4.9 percent of GDP over the next decade if [...]

16

Read More

March 1, 2017

Poverty in America: Social Changes & Global Crises

Poverty in America: Overcoming Economic and Social Crises

December 7, 2015

Poverty

1 0 Google +0

Looking at poverty in the American continent is essential to better understand how the former colonies have evolved into radically different countries. Country by country, analyzing the social and economic paths taken, we can see the effects of discrimination, land ownership, wealth distribution & corruption.

If you want to read more on the origins of the huge wealth differences between North America and South America, we recommend the article on the causes of poverty.

The Economics of the Pharmaceutical Industry

By Stephen Moore
June 25, 2003
Subcommittee on Human Rights and Wellness
Committee on Government Reform
United States House of Representatives

Thank you Chairman Burton for the opportunity to testify on the pharmaceutical industry in the United States. In keeping with the Truth in Testimony law, I wish to declare that neither the Cato Institute nor I receive any government funds, nor are we seeking any.

Why is it that when it comes to medical care in this country, policy makers in Washington almost always abandon sound economic principles that we know work to create wealth and [...]

14

Read More

February 14, 2017

How to Start a Successful Business: 17 Women Entrepreneurs Share Their Stories

Thinking about starting your own business? Here are some great ‘origin stories’ that will definitely inspire you.
By Jeff Haden
Contributing editor, Inc.@jeff_haden
WRITE A COMMENT
CREDIT: Getty Images

One thing we can all agree on is that female entrepreneurs don’t get enough press — even the successful ones.

So let’s take a step toward changing that.

Here’s a guest post from Mary Fernandez, a visibility strategist who helps entrepreneurs stand out online. (She’s also created a handy guide that will help you discover how to skyrocket your online [...]